Nidec (OTCMKTS:NJDCY) Shares Gap Down – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY) gapped down prior to trading on Friday . The stock had previously closed at $4.30, but opened at $4.00. Nidec shares last traded at $4.20, with a volume of 333 shares trading hands.

Wall Street Analyst Weigh In

Separately, Citigroup lowered Nidec from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Nidec Trading Down 9.3%

The stock’s 50 day moving average is $3.84 and its two-hundred day moving average is $3.56. The company has a market capitalization of $37.21 billion, a PE ratio of 15.00 and a beta of 1.29. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26.

Nidec Company Profile

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.